France’s National Assembly Finance Committee is reviewing 10 budget amendments tied to crypto, and several of them have already cleared the committee stage. The approved measures include taxing transactions that convert crypto assets into stablecoins, introducing an exit tax for certain holders of crypto assets, and allowing crypto-related losses to be carried forward for 10 years.
Under the proposal, French residents could be taxed from 2027 on exchanges of crypto assets into stablecoins. An exit tax would apply to people leaving the country while holding more than €800,000 in crypto assets. Self-custody wallets worth at least €100,000 could also face a reporting requirement.
Other measures are still under review, including parts of the self-custody wallet reporting framework and penalties for platforms. A separate proposal to extend the personal wealth tax to crypto assets was rejected. None of the measures has become law at this stage, and France’s crypto capital gains tax rate remains 31.4%.
Techub News reported that the Finance Committee of France’s National Assembly is reviewing 10 budget amendments related to cryptocurrencies, with several tax measures already approved at the committee level.
The measures that passed the committee include a tax on transactions converting crypto assets into stablecoins, a crypto exit tax, and a rule allowing crypto asset losses to be carried forward for 10 years.
Under the proposal, French residents could be taxed from 2027 on transactions that exchange crypto assets for stablecoins. People leaving France while holding more than €800,000 in crypto assets would be subject to the exit tax. Self-custody wallets valued at no less than €100,000 could also be subject to a reporting requirement.
Some provisions on self-custody wallet reporting and penalties for platforms are still under review. A proposal to extend the personal wealth tax to crypto assets was rejected.
None of the measures has formally become law so far, and France’s crypto capital gains tax rate remains 31.4%.
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